Posts by dkelley

Global Asset Allocation Views – Q4 2018

Global Asset Allocation Views – Q4 2018

Bulls and bears can both point to different sets of data to make their case on the markets.  Bulls can point to continued strength in the Leading-Coincident Indicator which shows no sign of a recession and a flattening, but not yet inverted, yield curve which has historically been the best time to be invested.  We also just had the strongest GDP number (4.2%) since Q3 2014!  Bears can look at high debt levels continuing to pile up in our Federal government as well as in corporate debt, where the next potential bubble may be hiding.  The good news on the debt level is that households, the...

Read More

You are the parent? So What?

You are the parent? So What? The applications are in, standardized tests are complete and a college decision has been made.  Time is racing as college acceptance notices soon lead to freshman move in day. Now all there is to do is buy dorm supplies and drop the kids off, right?  Wait! Maybe not.  A recent consultation with an attorney’s office opened our teams’ eyes to something that you may not have thought of before. As a parent you spend years caring for the needs, wants, and wishes of your children and in a blink they are off to college on their own. Now may be the time to parent from a...

Read More

My Team, Our Team, Your Team

My Team, Our Team, Your Team  It has been a whirlwind since I joined the HFS Wealth Advisors Team back in January.  I am looking out my office window and I cannot believe it is July.  Where did the time go? For you regular readers of HFS Headlines you are used to seeing valuable tips on topics like managing risk, tax changes, retirement, college planning, etc.  Down the road, you will likely see the same type of posts from me as well.  Now, however, I thought I would take a slightly different approach to my first post. Coming to the HFS team after 20 years in retail banking has been a big...

Read More

Global Asset Allocation Views – Q3 2018

Global Asset Allocation Views – Q3 2018

Global Asset Allocation Views – Q3 2018                 Markets have continued their wild ride in 2018 with U.S. markets gaining steam with the help of small caps.  Meanwhile, international markets have been damaged by political issues, the strengthening dollar, and the U.S. fed’s outlook on rate increases.  A populist government has been allowed in Italy where the far-right Lega, promising a lower flat tax, and the far-left 5-Star party, promising a universal basic income, will increase the budget without the required structural reforms needed.  In Spain, a minority government was formed by...

Read More

Making Sense of Fixed Income Investing

Making Sense of Fixed Income Investing

Making Sense of Fixed Income Investing The following are recent events that have begun to impact the bond market: Increased volatility in equities after a subdued 2017 Tightening monetary policy after years of low interest rates Fiscal stimulus (tax cuts) near the end of a business cycle Inflation getting closer to the Fed’s 2% target An unwinding of the Fed’s open market purchases (quantitative easing) The 10-year Treasury rate closing above 3% for the first time since 2014 The flattening of the yield curve as near-term rates compress towards longer-dated yields With so many moving parts...

Read More